GREENWICH, Conn., June 17, 2015 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced that Adam Behlman and Isaac Pesin were promoted to the position of Co-Presidents of its Real Estate Investing & Servicing Division ("REIS"). They had assumed the roles of Co-heads of REIS earlier this year. In their new role they will oversee the CMBS and real estate investment platform as well as lead LNR Partners, the Company's commercial mortgage special servicer.
"We are pleased to elevate two industry veterans who have continued to contribute to our Company's success to manage our Real Estate Investing & Servicing Division. The ascension of Adam and Isaac highlights the depth and talent of our management team. The businesses that make up REIS, including CMBS investing in both legacy securities and new issue B-pieces, special servicing, and real estate investing, are all key components of Starwood Property Trust's enterprise. We believe we have enhanced our organizational structure to foster the growth and development of this division going forward, while further integrating STWD with the over 1,000 people at our manager, Starwood Capital Group," stated Jeff DiModica, President of Starwood Property Trust.
Mr. Behlman has served as the Head of Capital Markets and Chief Risk Officer for LNR since 2011. Prior to this role, Mr. Behlman served as Head of the Real Estate Finance and CMBS division of UBS, where he was in charge of managing and trading its legacy CMBS and Commercial Real Estate Loan book while also returning UBS to the origination, trading and underwriting business. He has over 25 years of capital markets and real estate experience with firms including Deutsche Bank, Prudential Securities and Deloitte.
Mr. Pesin most recently served as Managing Director of Investments and Business Development for LNR. He started as a Loan Asset Manager in 2003 and across his 11 year career at the firm has held various positions including Co-President of Special Servicing, Director of Business Development, Director of Operations, Team Leader, and Surveillance Manager. Before joining LNR, Mr. Pesin worked in the real estate practice group at JP Morgan Partners, the private equity arm of JP Morgan Chase. Prior to JP Morgan, he worked in the real estate investment banking group at Morgan Stanley.
About Starwood Property Trust, Inc.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company's core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt investments. Through its subsidiaries LNR Property, LLC and Hatfield Philips International, Starwood Property Trust also operates as the largest commercial mortgage special servicer in the United States and one of the largest primary and special servicers in Europe. With total capital deployed since inception of approximately $17.0 billion, Starwood Property Trust continues to solidify its position as one of the premier real estate finance companies in the country.
Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
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SOURCE Starwood Property Trust, Inc.